514 Main Street, Eliot, ME, 03903 | $1,075/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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514 Main Street, Eliot, ME, 03903 | $1,075/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Eliot at 514 Main Street, Eliot, ME, 03903 offers a 10.8% rental yield on a $399,999 purchase with $3,600/mo rent. Total monthly income registers $3,600/mo, and a $1,958/mo payment leaves $1,075/mo available for distribution. Annual cash flow reaches $12,904/yr on $132,600 to close, and return on cash invested stands at 29.64% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,512 over five years. Portfolio math shows five-year ROI at 155.2% and total cumulative return in cash at $205,791. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,600/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1954

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Waterfront opportunity on Spinney Creek in Eliot, Maine! Discover the beauty and privacy of this unique tidal estuarine waterfront property on tranquil Spinney Creek, a protected inlet bordered by salt marsh and natural wildlife habitat. Although a dam now separates it from the Piscataqua River, Spinney Creek remains a peaceful tidal basin where you can enjoy changing water levels, bird-watching, and kayaking. Situated at 514 Main Street, this single-family home offers approximately 310 feet of private frontage and a gently sloping lot with wide water views. The existing structure provides an excellent opportunity for renovation or new construction, buyers and builders can bring their vision to one of southern Maine's most sought-after coastal towns. Just minutes to Kittery Foreside, downtown Portsmouth, and York Beaches, this location combines quiet coastal living with easy access to dining, shopping, and commuter routes via I-95. Whether you're seeking an investment, a seasonal getaway, or a year-round coastal home, this property offers a rare blend of privacy, natural beauty, and convenience along one of Eliot's most scenic waterways. With a little TLC, this gem will truly shine! Open house on Saturday 11/8/2025 from 12-2 pm.

Neighborhood Data

Neighborhood data shown for ZIP Code: 03903, Eliot, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,085 (100%)
Owner Occupied HU	2,494 (80.8%)
Renter Occupied HU	419 (13.6%)
Vacant Housing Units	172 ( 5.6%)
Median Home Value	$606,849
Average Home Value	$638,798